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Making money. You must be one of the monetary ignorants.
Please tell me how millions of people make money in the market when an index goes from over 14000 to 10000.
Easily. Buying put options or just plain short-selling a stock. But average Joe probably won't be messing with this (some would say smartly) so he'll eat that loss if he's diversified.
By the way, I have no idea why a Republican would be upset about the Dow increasing. I'm an independent with some Repub leanings and think this is great news.
By the way, I have no idea why a Republican would be upset about the Dow increasing. I'm an independent with some Repub leanings and think this is great news.
As I said earlier in the thread. While I can't comment on the OP's complete intentions of the thread, I think it was partially motivated by a couple threads a few weeks back. The Dow had a few bad days (in some cases just one bad day) and a few Republicans on here decided to basically cheer that on and use it as an example to call Obama every name in the book. So I think the thread was at least partially made to take a little shot at the ones who made those posts and threads a few weeks ago.
By the way, I have no idea why a Republican would be upset about the Dow increasing. I'm an independent with some Repub leanings and think this is great news.
I am sort of independent, and have been voting Republican for a few years now (I am not a Republican). However, since I invest on my work retirement system, I like the stock market to do as well as possible even if I don't like Obama's policies. The same can be said for union workers who may not be Democrat, since they invest too. I will add that while the market is doing better, I doubt I will be able to regain the money I have lost already anytime soon.
Temporary ups and downs in the Dow hardly mean squat anymore, the fact remains that we have a ton of unsupported debt out there, waiting, sooner or later we're going to have to deal with it, and when we do, only then, will the market measurements have any valid bearing on it's statement of overall health.
It cracks me up to hear Republicans say that. When the Dow goes down, it's all b/c Obama is a socialist.
Quote:
Originally Posted by decafdave
By the way, I have no idea why a Republican would be upset about the Dow increasing. I'm an independent with some Repub leanings and think this is great news.
Some Repubs really, really want Obama to fail, and they don't care if he brings the rest of the country down with him in said failure.
It cracks me up to hear Republicans say that. When the Dow goes down, it's all b/c Obama is a socialist.
Some Repubs really, really want Obama to fail, and they don't care if he brings the rest of the country down with him in said failure.
Don't want to get into a war with you but change Repubs to Dems and Obama to Bush and there may be an element of payback involved.
Having said that, the reasons for the stock market uptick would be interesting to know-increased sales leading to profits or decreasing costs (employees) leading to profits. When I worked for a DJIA company any time the upper level management wanted to boost stock prices they'd announce company-wide layoffs.
Republicans will be steaming mad that millions of Americans are making money in the stock market because it helps Obama.
This is good news for those who still have stock investments, but it has not provided jobs for the 8 million who have lost theirs since Obama took the controls.
My 401K went up 15% this quarter; I'm down to a 1% loss for the year.
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